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21455'7
TNIS INDENTURE, Made the ?~h . Day of A.U~1:1St. A. D. 19 71, between
MARY M. NEIL., a single person and Alfred J. Neil, a_ eingle person_ {
of ?St. Lucie County, Fiorids, he~einafte~ desianated as the "MORTGAGOR," and FIRST FEUERAI SAVINGS AND ~
" LOAN ASSOCIATION OF INQIAN RIVER COUNTY, a corporation organized and existing undcr the laws of the United Srates of Amcrica
and having its printipal plate of business in tMs City of Vero BeaCh, Indian River County. Flarida, hereinaftcr designated as the "MORTGAC,EE."
WHEREAS the MORTG/1GOR is justl indebted to the MORTGAGEE in the sum of Si~c Thousand and No/1DU. .
~ _ ~ ~ ~ _ _ ~ ~ (s ~ . _ _ Dot lars, good and lawful money of tfie United Sfatcs advanced by the
MORTGAGEE unto the MORTG/1CAR, as evi ' c y a certain p?anissory note of even date he~ewith, of which the 1o11~wine in wo.dt
and figures is a true eopy, tawit:
i
s 6, 000. 00 ?~o. . _ '
Ve?o Beach, florida, AUgUBt 2~: ~q 71
For value received 1 or we jointly o~ severally promise to pay to F~RST FEDERAL SAVINGS AND LOAN ASSOCI/1TION OF INDIAN
RINER COUNTY, the sum of S 6~ at its office i~ Vero Beath, Florida, with interest at the rate of 7. .5 ~
per cent per annum, in the followin~ manner: '
s_55.63_____ upon the first of each and every month hereafter until the full p?incipal sum, with interest, has bee~ paid; said ~
monthly paymer?ts shall be applied first to the payment of interest on tt+e unpaid balance, and then to the payment of principal.
This note is negotiable and if default in pavment otcurs, may be placed in the hands of an attorney at law• for collection, in which
event I o. we agree to pay the costs of collectio~, including a reasonable attorney's fee, and each of us, whether maker, guarantor or endwser,
hereby severally waives dema~d, notite of nan-navment and protest of this note.
/s/Mary__~,~.__Neil . cs~a~~
/s/Alfr~d J, .I!Iei~._ _ cseau
In the eve~t any payment is not made prior to the 20th day of the month when due, then this note shalt bear interest at the rate of
8~ from the date any such payment became due and throughout the period of such delinquency.
State stamps paid and cancelled on original of this note in the amount of S 9. - • '
NOW, THEREFORE, the MORTGA('AR far the purpose of securing the payment of the said sum of S 6~ and the ~
Nerforrt?ance of the covenants and agreements hereinafter expressed, arsd for divers good and valuable tonsiderations, by these presents, docs
grant, bargain, sell, remise, release, tonvey and confirm unto tfie MORTGAGEE its sutcessors and assigns, all tFwt tertain lot, piece ~ partel of
land, situate, lying and being in the County of ?St, I..U~le- and State of Florida, described as follows:
The North 90 feet of the North 10 acres of Government Lot 2, in
Section 1, Township 36 South, Range 40 East; said land lying and
being in St. Lucie County, Florida.
RECEIYED ~ l°, Gv IN PAYMENT OF TAXES
D'JE ON CU1SS 'C INTM1616LE PERSONAL PROPERiY,
Pl: ~~a'~" i0 CHAPT_R 20T2~, ACTS Of 1911.
~.+'~i ~QIi CICf~ ril~fCUlt CiOUIt T?{IS INSIRUMENT WAS PREPM~
as Agent b~ OANIEI N. KNOWIESr JR ~r Jerome D. Q~i~
St Lecie Cow?ty Ta~t Collectot sM~Ta. HEwT?+. sM~~+ a o'wun~
x P.O. ~~IQA 32960
By - ! VERO 6E/~C?~.
I q Q ~ DEPUIY CIERK
i
~ rogether with all and s;ngular the tcrtements, hereditaments anA appu~tenances thereunto betonging or in anyw~se appertaining thereto, and
~ all rents, issues, proteeds and profits atcruing and to atcrue irom said premises, all of wl~ich are included in the above and foregoing de-
script~on and habendum.
TO-NAVE AND TO HOLO the above described and granted premises u~to the said MORTGAGEE, its successors and ass~gns forever.
A~d the said MORTGACAR for their executo?s, admi~istrators and assigns, hereby covenants witF the sa:d MORTGAGEE, its sutces-
sors and assigrts, that they are __~awr~uY seized of the said p~emises in fee simple; that the same are free, clear and d~s~
cnarged from all liens and encumb~ances in law or in equity, and that they _ W~n and their heirs shall warrant and
~efend the title to the same to the said MORTGAGEE, its suCCessors and assigns, forever against the tawful claims and demands of atl persons;
PROVIDED, ALW/1YS that if the MORTGNGOR shall pay u~to the MORTGAGEE the promissory note hereinbefore destribed, and
s~all truly, promptly and fully perform, d~scharge, execute, tomplete, comply w~th and abide by each and every the st~pulatia~s, agreements.
conditio~s and tovenants of said promissory note and of this Mortga~e, the~ this Mortqage and the Estate hereby created shall cease and 5e
null and v~iA
IT IS Ut/DERSTOOD that the word "Mortgagor" whether in tFw Singular or plural anywhe~e ~n this M~rtgage. shall be Singular if one
cniy and sha~l be plural jointty dnd severalty if more than o~?e, and thai ti+e word "Their" as used anywherc in th~s Mortgage shall be faken
to mean "his," "her," or "its." whe~ever the tontext so imphes or admits. Atso, tMat wherever there is a~efereaCe in fhe Covenants and
agreements herein contained to any af the parties hereta, the sart?e shall be to~strued to mean as we~~ as the he~rs, legal representatrves, wc-
cess~rs and ass~gns leither voluntary by act ot the parties or involuntary by ope?at~on of the law% ot the same an~ tt,at the co.•enants herein i
c nta~n~ s~atl b~nd and the ben_4its ~„d ad~antages inure to the respechve he~rs, tega! represenianves, successors and ass~gns of the ~
;,art~es hereto.
And sa~d Alortgagors, for themselves and their heirs, lega! rep~esentatrves, succeuors and assigns, hereby ~o~ntF~ an,~ severaNy tove~ant
;~d agree to and with the sa~d MORTGAGEE, its successon and ass~gns:
y. 1_ To pay all and singular the principal and interest and the various and su~dry sums of money payable by virtu~ of s~id prom:ss.;ry
t; ~,~te, and th~s mortgage, eath and every promptly on the days respect~~ely the same severa~ly become due.
2. To pay all and singu{ar the ?axes, assessments, levies, liabilities, obligatiorts and inCUmbrances of every nature and kind now on ~
~a~d dexribed prcperty, or that he~eat~er may be ~rt+posed, wffered, placed, lev~ed, or assessed thereon o. that hereattcr may be ~e.•~ed or
a Sessed upcn th~s Mortgage, or the ~n.~ebtedness secured hereby, each a~d every, when due an~ pavable acc~~ding w taw. beture they be-
c me del~nQuent, and before any mterest attaches or a~y pena~ty is mcurred; and msofar as any there:~f is of -ecord the same shaN be prcxnp'ly
_ ~at~sfied arxf d~scharge.~! ef rrcord a~d the orig~rwl offiual document (such as, for instance, the tax receipt or tt,e satilfact~on paper offiuall.•
endorsed or cerhfied) shall be ptated in the ~an3s of sa~d MORTGAGEE with~n ten days next aher payment; and ~n the e~ent that anv thereo!
not paid, satlsfied and d~zcharged. sa~d MORTGAGEE may at any time pay the same or any part thereof w~thout wai~~ng ar affecting any
c ~t~on, lien, eQt,ity, or .ight under or by virtue of this Mortgage, and the full amount of each and every zuch payment shall be immed~ately
:.,e and payabte and ohal! bear inte~est from the date thereot until paid at ~he rate ofYii)(and ]i~l~~s per centum per annum and togethrr
- w~th such interest shall be setured by the lien of this mortgage. SeVell Oi1e-half
3. To plate and tont~nuously keep o~ the buildings nOw or hereaftcr Situated o~ said land and on a~t equipment and persona~ty G?v-
c•red by this mortgage, w~th ait prem~ums thereon paid in fuR, fire inwrar+te in the usual standa.d pol~tv form, ~n a sum approvcd by ~1,,~
'•'GRTGAGEE, and tQrnada insurante irt the usual standard polity form,in a wm approved by the MORTGAGEE, in wch company or compan~es
~s the MORTGAGEE may direct; and all fire and tornado inwrsnce poliCies on any of said buiidingz, any interest there~n or part thereof, in the
aggregate wm aforesa~d or in excess thereof, shall co~tain the usual standard mortgagee c~ause or such othe? clause as the Mortgagee may
requ~re, making the loss under said policies, eath and every, payabk to said MORTGAGEE as its interest may appear, and each ar+d every
such p~l~ty shall be promptly assigned and delivered to and held by sa~d MORTGAGEE as fu•ther security to sa~d mortgage debt, and, not
!ess than ten ()0) days in advance of the expiration of exh polity, to deliver to said MORTGAGEE a renewal the~eoi, t~ether with a receipt
for the premium of wth renewal; a~d there shall be no fire w tornsdo insurance placed on any of sa~d bw~:l~ncs. any +nte~est therein w i
part thereof, u~kss in the form and with the loss payable ss aforesaid; and in the event any sum of money becomes payable under such
~s.~c-~oo-s-~i-vee
19~ FAGE 23 i
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